In new counterclaim, Todd Lane also asks for agency's claims against him to be dropped and for his legal fees to be paid.
California judge says they have to wait until their case is cleared and then can file as creditors of the failed corporate.
Terms of settlement with failed corporate's former chief investment officer, Robert Burrell, were not released.
Agency discounts reports that settlement reached with former WesCorp chief investment officer Robert Burrell.
The NCUA today issued a prohibition order Monday against Timothy T. Sidley, onetime chief risk officer with WesCorp.
Defendants in the litigation flowing from the liquidation of the Western Federal Corporate Credit Union have served notice that they want to depose the NCUA in the case.
No financial terms were announced in the settlement between Timothy Sidley, the failed corporate’s former chief risk officer, and the NCUA.
Defendants in the litigation flowing from the liquidation of Western Federal Corporate Credit Union have served notice to depose the NCUA Board.
Peril is threat to tax exemption, CUNA CEO tells NJCUL luncheon, while opportunity is Washington's largely positive view of credit unions.
The 144,000-member, $1.6 billion Apple Federal Credit Union, Fairfax, Va., has become the first large credit union to leave CUNA this year. Three other large CUs, two from New Mexico and one from Texas, left the trade group last year.